Top Property Management Companies in Texas
Less than 1% of our homes were vacant in 2021.
How to Choose the Right Company to Manage Your Property in Texas
Property ranks as one of our greatest assets. Aside from its monetary value, there’s also the fact that we pour a lot of hard work and energy into making our house a home. If you’re thinking about putting your property on the market to lease, then it’s of the utmost importance that you consider all the options available to you. Reaching this blog post, it’s most likely that you are interested in going with a property management company in Texas. Here at Red Wagon, we understand exactly what it takes to create a strong and dependable owner-tenant relationship. So, in this post, we’ll outline some vital factors to look out for as you embark on this rental journey.
Do Property Management Agencies Have to have an Active Real Estate Broker’s License in Texas?
Yes. Property management agencies in Texas are required to have an active real estate broker’s license. This is because leasing and renting, which are critical components of property management, are considered real estate activities by current Texas real estate licensing laws.
A Successful System
In order to have a stress-free, smooth sailing experience, you need to select a company that has suitable mechanisms in place. A company where management is the focus, not a side-line job and essentially, a well-oiled machine that takes care of all the legal processes, marketing, admin and other such crucial aspects. You also ought to check what other extras come with the company’s service.
Ask these sorts of questions… Is maintenance covered? What about marketing tools? How broad is your portfolio?
At Red Wagon, we have procedures in place that protect all parties involved. What’s more, we are renowned for our ability to fill up tenancies. We will feature your property not only on our site but also, on a plethora of secure listings: Realtor.com, MySA.com, Automated Housing Referral Network, Homes.mil, craigslist.com, hotpads.com and Yahoo.com to name a few. Moreover, with 24/7 maintenance handling requests, extensive portfolios, online portals, automated owner statements and other such benefits, you couldn’t be in better hands.
A Reputation for Being Professional, Knowledgeable and Well Established
Texas is a state rich with incredible properties ready to be snapped up, but professional management is key if you want to achieve ultimate landlord bliss.
You’ll need to go for a team that works in your local area and understands its market. Having a local base also ensures that your management company in Texas is always around as a constant support network.
Additionally, we recommend that you investigate how long the company has been established as experience is extremely necessary in this industry. Also, get to know their style as this entity is going to represent you. Therefore, passion, energy, dynamism, and determination are brilliant characteristics to look out for!
Investigate the level of expertise of the realtors. Qualified, licensed professionals come with bonuses as they can act as your leasing agent, meaning that you won’t have to find one yourself.
Reviews are also a great way for you to run a reputation check. Look from all angles: fellow owners, investors, realtors and tenants. This will give you an excellent overview of how everyone involved in the process feels about the company.
Trustworthiness is a must when it comes to your home.
A Keen Eye for Detail with Appropriate Checks
You need a Texas property management company that protects you and ensures that you are attracting the right kind of tenant. You don’t want anyone going wild and trashing your place. Fortunately, at Red Wagon, we complete a comprehensive screening check on all potential tenants. We look into:
- Credit scores
- Criminal records
- Rental history
- DTI ratios
- Employment history
- The terrorist database
All in all, a reputable, qualified, experienced company is what you need. A knowledgeable cheerleader who will guide you through the property market and ensure that you’ll come out on top.
If you would like more information on our services here at Red Wagon Properties, don’t hesitate to get in touch with us. We’d be delighted to talk you through all that we offer and how we are the right company to manage your property in Texas!
Let us manage your properties in Texas
Red Wagon Properties considers ourselves the landlord advocates. We happily handle all aspects of the landlord-tenant relationship to make the process easier on property owners and tenants alike. We can help you find and approve a quality tenant, execute all paperwork and legal matters, take care of maintenance issues, and stay in contact with the tenant throughout their lease.
Our Texas property management is tailored to you, the investor, homeowner, or landlord, but we also have an extensive portfolio of single family homes, townhouses, and condos in Texas to appeal to all sorts of different tenants.
Red Wagon started managing properties in San Antonio in 2005, and we have grown to handle properties all across Texas. As a fully licensed realty company, we can assist you with all sorts of real estate deals across the state.
The Case for Property Management
If you’re just now entering the landlord industry, you may be wondering why you need a management company for your Texas property. Being a landlord isn’t just cashing checks. It’s hard work and lots of time. Keeping up with the duties of being a landlord while also working a full time job can be next to impossible for the average person.
Even if you are able to keep up with your regular job and your landlording duties, at what cost? Wouldn’t your time be better spent with your family or on your hobbies, collecting passive income rather than having to work hard day in and day out for your rent check?
With Red Wagon as your Texas property management company, you can focus on rest and relaxation with no stress and no headaches. We handle your repairs, evictions, cleaning, and more, and we only collect a fee while your property is occupied.
You no longer have to worry about paperwork or stress that maybe you’re not in full compliance with the law. You can trust that when you choose Red Wagon as your Texas property management company, we’ll take all the hard work off your hands while leaving you with a nice monthly check to enjoy.
You also don’t have to worry about if your tenants are paying their rent on time or trashing your property. We thoroughly vet all of our potential tenants to ensure that they’re trustworthy and financially qualified.
Without a property manager, you bear 100% of the responsibility for your property, but with Red Wagon your responsibilities are few and your share of the profit remains high. We charge only one half of the first month’s rent and only 10% of each consecutive month’s rent. No hidden fees!
We Handle All Aspects of Your Property Management
If you’re looking for a property management company in Texas, you want one that will take care of every little landlord duty. That’s what you’ll get from Red Wagon Properties.
We offer comprehensive services that include marketing, photography, property maintenance, repairs, and more.
We have an easy-to-use tenant portal that allows your residents to quickly report an issue and get it fixed in a timely manner. We also try to fix things as affordably as possible, and send you an itemized list monthly.
We also provide regular interior and exterior inspections, with photography, and provide you with a detailed report including any potential repair issues.
One of the biggest reasons to trust Red Wagon with your Texas property management is our quality tenant selection process. We screen every prospective tenant according to six criteria, including rental history, credit history, credit score, employment verification, debt-to-income ratio, and a terrorist database search.
Thoroughly vetting tenants allows you to rest easier knowing you’ll get your checks on time and your property will be in good hands.
Benefits of using Red Wagon Properties To Manage Your Property In Texas
- No hassle management – We take all the stress out of property management. We take care of all your needs so that you can make money while focusing on your personal life.
- Automated owner statements – Communication is key, and we’ve made it simple with automated electronic statements.
- Online Owner Portal Access – Every property owner gets an online account where they can view all pertinent information regarding your partnership with us.
- Industry-leading marketing tools – We’ve got a long list of quality websites for listing your properties in addition to the Multiple Listing Service.
- 24/7 maintenance request handling – Our expert team is locked and loaded to handle any sudden issues.
- Quick Response to Tenant Requests – Our lines of communication are always open to tenants, no matter how big or small their problem is.
- Low vacancy rate – Less than 1% of our listings were vacant last year. Our marketing department ensures a steady stream of qualified tenants, and our commitment to customer service means lots of lease renewals.
- Low time on market – Our marketing team gets your property filled fast, and we don’t charge you when your rooms aren’t occupied.
- Industry-specific local knowledge – We know the Texas area better than anyone, making us highly qualified local experts.
- Competitive rates from third-party vendors – Working with people is what we do, and we always aim to be straightforward and work hard to chase the best rates for you.
- Partnerships with World initiatives – We care about the world we live in, and give back to humanitarian missions around the world.